Fri. Jan 21st, 2022
1.7B-Student-Loans-Cancelled
11 thoughts on “$1.7B Student Loans Cancelled!”
  1. Yeah, that’s great until they do their taxes next year. I haven’t practiced tax accounting in years but I’d be willing to bet if you have your loans forgiven, the amount forgiven can be treated as income and is therefore taxable. I hope I’m wrong….

    1. If it’s part of a settlement, i believe there might be a pathway for an exemption

    2. @The Kwak Brothers I hope so. I know if you’ve made income based repayments for 20 years and apply for forgiveness, if your loans are forgiven, ya definitely have to pay taxes on the amount forgiven. Uncle Sam is always gonna get his piece of the pie. Again, I hope you’re right and I’m wrong!

    3. Likely not just read last night as a bill was pushed that if loan forgiven no tax liability

    1. How hes reporting it is fake.

      Its all on the Navient Legal Area on its website.

      The way hes laying it out like this makes it sound… Well WAY OFF.

  2. How can I tell if I am one of the borrowers that qualifies? I borrowed from Navient and finished college in 2008. Thanks

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